Comcast is buying out GE's 49% stake in NBCUniversal for $16.7 billion, taking full control of the TV and movie company sooner than expected. David Benoit has details on Markets Hub. Photo: NBC.

This transcript has been automatically generated and may not be 100% accurate.

... I ... Liz Lange proving content is king ... Comcast is hoping right Comcast late last night ... announce that it's been a big chunk of money ... for thirty Rock as most of the wells of us to NBC Universal almost seventeen billion to buy the other half of the company that comes as did know the buying it from GE ... is the Comcast name in the top of thirty Rock day Benoit here with that story ... on this was surprising that high a mean right ... so much that they were ever going to do it yet exactly so if you're member two years ago Comcast bought fifty one percent of NBC Universal from General Electric ... on a a kind of ... it is expected that Comcast about the rest of it eventually moved up rally not until ... twenty fourteen at the earliest in his latest twenty eighteen the transaction's distinctive well that was in the regional yes yet as ... to suggest it is surprising how bright sixteen point seven billion for ... just the NBC Universal and then another one point four billion for for raw tomatoes are in the state yet ... Quincy Macy's headquarters ... ahh ... why ... the semillon had a lot of local essentially MTB argument is ... Comcast is turning around NBC is doing better ... movies are getting better ... if they waited their pay more ... ALM so ... they're arguing GE wants cash now they're going to turn around and buy back ten billion dollars in shares ... in view of the things their cash so so full size iPad of proclaiming victory day shares are up ... Jesus sharply right season a four-year high and compasses an all-time high ... pop up ... the CIA to Comcast up six percent to ... you know ... yes they turned NBC around to an extent revenue than the network itself a big nap and he ... was languishing ... the Universal Pictures unit is in ... a couple of good news program was I mean ... the real exactly that ... I mean is a real turnaround or is it just to come up a Loeb's ... Louisville challenges he's right this is certainly a big challenge Cup compresses really betting the house on ... combining both the content in the distribution network that their runs kind of ... what we saw Time Warner tend to do in word and not exactly succeed sweaters Time Warner time were cable ... aam ... and they have a lot of work to do this is ... like I said this is an early comment that they decided the paper now was still a little bit depressed ... aam ... there to have to keep working on the content ... of worry when they're in their quarterly results ... the the ... Starz the cable networks were actually down ... whereas ... the the other ... indices brought isn't right as it were not that I will respond to the and ... they respond to the region as the all the different distribution channels overcome round right this can be a big question two on because ... they are going to have problems ... given that they operate ... the actual you know ... the wires and stuff to get new ones your house ... trying to control content on the internet it's going to be difficult when they're in the tough ... questions about how much power they have ... aam they seem not concerned at that ... but will soon have insisted on money developing things and then the desire for achievement the dream of some excellent posts on Deal Journal yesterday by the ... time the last one ... well